Bitcoin
Short

BTCUSD in Descending Channel, Approaching 3k "Bottom"

110
BTCUSD is currently inside a descending channel, with the 3.5k support level holding strong.
Take note of the support levels as indicated on my chart.
The 3k support level is a strong horizontal overlap support going way back to June 2017 and that is why many people are calling that level as a potential bottom.
Stochastic has still yet to hit its support and thus there is definitely room for a further drop.

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Thank you!

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